Brokerages Set Realty Income Co. (NYSE:O) PT at $61.35

Realty Income Co. (NYSE:O) has earned an average recommendation of “Hold” from the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $61.35.

Several brokerages have recently weighed in on O. Scotiabank upped their price objective on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. KeyCorp initiated coverage on shares of Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. Mizuho increased their target price on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, UBS Group dropped their price target on Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, May 31st.

Realty Income Stock Performance

Realty Income stock opened at $55.00 on Friday. The company has a market cap of $47.89 billion, a PE ratio of 50.93, a P/E/G ratio of 4.63 and a beta of 0.96. Realty Income has a 12 month low of $45.03 and a 12 month high of $64.18. The company has a fifty day moving average price of $53.48 and a two-hundred day moving average price of $53.90. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. Realty Income’s quarterly revenue was up 33.5% compared to the same quarter last year. Research analysts expect that Realty Income will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.263 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in O. American National Bank acquired a new position in shares of Realty Income in the fourth quarter worth $25,000. Vima LLC purchased a new stake in shares of Realty Income during the 4th quarter worth about $25,000. Pacifica Partners Inc. lifted its holdings in shares of Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 400 shares during the last quarter. Baystate Wealth Management LLC grew its stake in shares of Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 190 shares in the last quarter. Finally, WASHINGTON TRUST Co increased its holdings in Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 197 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.